Tenaris SA (TS) Misses Q2 EPS by 5c
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Tenaris Announces 2016 Second Quarter Results
August 3, 2016 4:51 PM EDTLUXEMBOURG -- (Marketwired) -- 08/03/16 -- Tenaris S.A. (NYSE: TS) (BAE: TS) (BMV: TS) (MILAN: TEN) ("Tenaris") today announced its results for the quarter ended June 30, 2016 in comparison with its results for the quarter ended June 30, 2015.
Summary of 2016 Second Quarter Results (Comparison with first quarter of 2016 and second quarter of 2015) Q2 2016 Q1 2016 Q2 2015 Net sales ($ million) 1,121 1,257 (11%) 1,868 (40%) Operating (loss) income ($ million) (40) 42 (194%) 111 (136%) Net (loss) income ($ million) (9) 28 (133%) 72 (113%) Shareholders' net (loss) income ($ (13) 18 (173%) 66 (120%) million) (Loss) earnings per ADS ($) (0.02) 0.03 (173%) 0.11 (120%) (Loss) earnings per share ($) (0.01) 0.02 (173%) 0.06 (120%) EBITDA* ($ million) 124 205 (40%) 265 (53%) EBITDA margin (% of net sales)... More
